A substitute is a product that can be used instead of another product but still has the same function/ purpose. For example, American cars and Japanese cars could be considered substitutes for one another. If the price of Japanese cars increases, the demand for American cars would increase because people want to spend less money. If the price of Japanese cars decreased, the demand for American cars would decrease because people would want to purchase the less expensive one.
i am pretty sure it is goods used in place of one another
When there is a fall in the price of a commodity making the other product cheaper in which rational consumer change to that cheaper good in other to save their money.
Substitute goods are goods that can be used in the place of one another; a good can replace a good for which it is a substitue. A common example would be butter and margarine.
Entrepreneurs economic aspects
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angel-queen@live.frif you no the answer to this question: what is the definition of Economic continuum email me at dolphinman@live.ca
The definition of economic gain is opportunity costs that are deducted from revenues earned. Economic gains are good as it means a country is growing financially and economically.
The definition of economic development is the process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved.
Entrepreneurs economic aspects
the definition of labor and economic
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angel-queen@live.frif you no the answer to this question: what is the definition of Economic continuum email me at dolphinman@live.ca
The definition of economic gain is opportunity costs that are deducted from revenues earned. Economic gains are good as it means a country is growing financially and economically.
The definition of economic development is the process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved.
yo moma !
Definition of economic geography is a branch of geography that looks at the economic activities in a region. It will factor in the location, organization and distribution of these activities.
One can find the definition of economic recovery at Wikipedia. Economic recovery is a period of increasing business activity that signals the end of a recession. Therefore economic recovery is when economic growth turns from negative to positive.
yo moma !
what is the definition of economic changes
yo moma !